Calculating Interest. Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period. The DPR is 15.99% divided by 365 days = 0.0438% The Interest is $2,250 multiplied by 0.0438% multiplied by 30 days = $29.57 For purposes of the Daily Balance Subject to Interest, "credit limit" is the lowest credit limit on any day during the billing period.
Appears in 3 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
Calculating Interest. Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period. The DPR is 15.99% divided by ÷ 365 days = 0.0438% The Interest is $2,250 multiplied by x 0.0438% multiplied by x 30 days = $29.57 For purposes of the Daily Balance Subject to Interest, "credit limit" is the lowest credit limit on any day during the billing period.29.57
Appears in 1 contract
Samples: Cardmember Agreement
